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INDUSIND BANK LTD. - Updates on Outcome of Board Meeting
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17 Apr 2015
Indusind Bank Ltd has informed BSE that the Board of Directors had, at their meeting held on April 16, 2015 approved the proposal for passing of Special Resolutions by Postal Ballot for seeking consent of the Shareholders of the Bank for:&lt;BR&gt;&lt;BR&gt;(a) Alteration to the Memorandum of Association and Articles of Association of the Bank for increasing the Authorised Share Capital of the Bank to Rs. 600 crores divided into 60 crore equity shares of Rs. 10/- each from the existing level of Rs. 550 crores divided into 55 crore equity shares of Rs. 10/- each; and&lt;BR&gt;&lt;BR&gt;(b) Augmentation of capital through further issue / private placement of securities.&lt;BR&gt;&lt;BR&gt;In the aforesaid meeting, the Board has also approved the following:&lt;BR&gt;&lt;BR&gt;(i) Appointment of Mr. S. N. Bhandari, Practising Company Secretary or failing him Ms. Manisha Maheshwari, Practising Company Secretary, as Scrutinizer for the Postal Ballot;&lt;BR&gt;&lt;BR&gt;(ii) Engagement of National Securities Depository Limited (NSDL) for providing e-voting facility to members;&lt;BR&gt;&lt;BR&gt;(iii) Authorising Mr. Romesh Sobti, Managing Director &amp; CEO and Mr. Haresh Gajwani, Company Secretary, as persons designated for conduct of the entire Postal Ballot process.&lt;BR&gt;&lt;BR&gt;(iv) Calendar of events for Postal Ballot.
View all announcements for INDUSIND BANK LTD. Source: BSE India